The post Solana Restaking Protocol, Fragmetric, Secures $12M Funding to Drive Decentralization and Growth appeared on BitcoinEthereumNews.com.

​Fragmetric, a native liquid restaking protocol on the Solana blockchain, has successfully secured a total of $12 million in funding, following its recent $7 million seed funding round last month. This latest round was led by RockawayX, with participation from notable investors including Robot Ventures, Amber Group, Hypersphere, and BitGo. Notably, restaking on Solana began to take shape in late 2023, with more concrete implementations and fundings still occuring as staking gains traction as a popular method for cryptocurrency holders. Staking allows users to earn passive income by locking up their tokens to support network security. Stakers can earn an Annual Percentage Yield (APY) ranging from 5% to 8%, depending on network conditions and validator performance. And Fragmetric’s restaking platform is designed to further enhance the economic potential and security of the Solana network by offering users a liquid restaking solution. It allows users to participate in various decentralized finance (DeFi) activities without sacrificing staking rewards, by allowing staked assets to remain liquid. Fragmetric To Fuel and Expand its Restaking Operations Fragmetric is set to use its $12M funding for the expansion of FragAsset, the assets involved in Fragmetric’s restaking process. Notably, since the launch of Phase 2, Fragmetric has been growing at a remarkable pace, as evident by the increasing supply of fragSOL which has more than doubled since its launch. In this, approximately 50% of supply is being utilized in DeFi and over 43,000 in unique deposit addresses holding assets such as fragSOL and fragJTO. Established with the goal of optimizing capital efficiency within the Solana network, Fragmetric focuses on Non-Custodial Node (NCN) reward distribution and the management of Liquid Staking Tokens (LSTs). By leveraging Solana’s token extension capabilities, Fragmetric implements a normalized token scheme that seamlessly integrates various LSTs into restaking platforms. This approach not only enhances…

---

Filed under: News - @ March 25, 2025 8:23 pm